Meag Munich Ergo Kapitalanlagegesellschaft MBH lessened its stake in shares of Altria Group Inc (NYSE:MO) by 79.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,486 shares of the company’s stock after selling 193,912 shares during the quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Altria Group were worth $3,251,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in MO. Janus Henderson Group PLC raised its stake in shares of Altria Group by 21,647.0% during the second quarter. Janus Henderson Group PLC now owns 19,831,702 shares of the company’s stock worth $1,476,867,000 after purchasing an additional 19,740,509 shares during the last quarter. BlackRock Inc. raised its position in Altria Group by 7.6% in the second quarter. BlackRock Inc. now owns 127,525,988 shares of the company’s stock worth $9,496,859,000 after acquiring an additional 8,969,677 shares in the last quarter. Capital World Investors raised its position in Altria Group by 27.6% in the second quarter. Capital World Investors now owns 41,157,755 shares of the company’s stock worth $3,065,018,000 after acquiring an additional 8,914,575 shares in the last quarter. Vanguard Group Inc. raised its position in Altria Group by 2.0% in the second quarter. Vanguard Group Inc. now owns 136,023,361 shares of the company’s stock worth $10,129,659,000 after acquiring an additional 2,690,270 shares in the last quarter. Finally, APG Asset Management N.V. raised its position in Altria Group by 67.7% in the third quarter. APG Asset Management N.V. now owns 4,893,005 shares of the company’s stock worth $310,314,000 after acquiring an additional 1,974,500 shares in the last quarter. Institutional investors and hedge funds own 62.64% of the company’s stock.
Shares of Altria Group Inc (NYSE MO) opened at $69.57 on Wednesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.48. The firm has a market capitalization of $132,750.00, a price-to-earnings ratio of 8.70, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62. Altria Group Inc has a twelve month low of $60.01 and a twelve month high of $77.79.
Altria Group (NYSE:MO) last posted its earnings results on Thursday, October 26th. The company reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.03. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. Altria Group had a return on equity of 49.43% and a net margin of 60.37%. Altria Group’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.82 earnings per share. equities research analysts forecast that Altria Group Inc will post 3.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Thursday, December 21st will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 3.79%. The ex-dividend date is Wednesday, December 20th. Altria Group’s dividend payout ratio (DPR) is 33.00%.
Several research firms have issued reports on MO. Berenberg Bank reiterated a “hold” rating on shares of Altria Group in a research report on Tuesday, October 31st. Vetr cut Altria Group from a “strong-buy” rating to a “buy” rating and set a $71.89 price objective for the company. in a research report on Monday, October 30th. Royal Bank of Canada reiterated a “hold” rating and issued a $62.00 price objective on shares of Altria Group in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded Altria Group from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Cowen upgraded Altria Group from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $64.00 to $71.00 in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $72.87.
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Altria Group Company Profile
Altria Group, Inc is a holding company. The Company’s segments include smokeable products, smokeless products and wine. The Company’s subsidiaries include Philip Morris USA Inc (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S.
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